Chinese RMB

Amidst China’s prolonged economic slump due to the impact of COVID-19, the offshore Yuan (CNH) has experienced significant depreciation against the Canadian Dollar (CAD), creating an enticing bottom-fishing opportunity for investors and traders. From a technical perspective, the pair has...

The offshore Chinese Yuan (CNH) is showing signs of a potential comeback against the Indian Rupee (INR) as it emerges from the bottom and rises above the 20-period simple moving average (red line). Recently, it has formed higher lows, indicating increasing strength. Currently, it stands at a...

The IMF recently announced that the Chinese RMB would be the fifth currency included in the SDR (Special Drawing Right) basket. The currency will be given a weight of 10.92 percent in the SDR. In a recent report, UBS analysts shared a look into how this decision impacts liquidity and the overall...